Do Merger Policies Increase University Efficiency? Evidence From A Fuzzy Regression Discontinuity Design

45 Pages Posted: 24 Mar 2020

See all articles by Tommaso Agasisti

Tommaso Agasisti

Politecnico di Milano - Department of Management, Economics and Industrial Engineering

Alexey Egorov

National Research University Higher School of Economics

Margarita Maximova

National Research University Higher School of Economics

Date Written: March 24, 2020

Abstract

This paper studies the effect of merger policies in Russia on university efficiency. We consider the non-voluntary merger policy conducted by the Ministry of Education and Science based on university performance indicators. First, the efficiency scores of universities are estimated using a bootstrapped DEA non-parametric technique. The efficiency scores were evaluated for universities that were merged and for a control group formed through propensity score matching before and after the implementation of the policy. Then, a fuzzy regression discontinuity design was implemented in order to reveal the causal impact of mergers on efficiency levels. We find a positive, statistically significant effect of merger policy on university efficiency. The results of the analysis suggest that merged universities experience greater efficiency gains (or smaller efficiency declines) after mergers.

Keywords: Universities, mergers, fuzzy regression discontinuity design, efficiency, DEA, Malmquist index.

JEL Classification: I21, I23, I28

Suggested Citation

Agasisti, Tommaso and Egorov, Alexey and Maximova, Margarita, Do Merger Policies Increase University Efficiency? Evidence From A Fuzzy Regression Discontinuity Design (March 24, 2020). Higher School of Economics Research Paper No. WP BRP 226/EC/2020, Available at SSRN: https://ssrn.com/abstract=3560077 or http://dx.doi.org/10.2139/ssrn.3560077

Tommaso Agasisti

Politecnico di Milano - Department of Management, Economics and Industrial Engineering ( email )

Piazza Leonardo da Vinci
Milan, Milan 20133
Italy

Alexey Egorov (Contact Author)

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Margarita Maximova

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
39
Abstract Views
317
PlumX Metrics